Crafting the best strategy for protecting intellectual property requires knowing all the rights that come with it. Patent owners should be aware of the tools offered to them by the International Trade Commission, the federal agency responsible for dealing with unfair international trade practices. The ITC administers “
Section 337
” investigations, which can result in a patent owner winning the remedy of an exclusion order. The ITC can, by issuance of an exclusion order, prevent importation of patented goods.

The agency acts quickly. Usually, an ITC proceeding is resolved in about a year, and patent owners can seek emergency temporary relief prior to issuance of the exclusion order. Once the ITC issues such an order, U.S. Customs and Border Protection is directed to block the goods in question from entering the United States. Furthermore, Section 337 investigations do not preclude district court litigation, which may run in parallel. Patent owners may consider filing a Section 337 investigation to prevent further importation of goods and to prevent sales of goods already imported (known as a cease-and-desist orders), while simultaneously filing a district court action to seek damages from the patent infringer.

After a patent owner files a complaint, the ITC has 30 days to decide whether an investigation should be instituted. The ITC investigates the patent owner’s claim that their IP is being infringed. Exclusion orders are issued only after an administrative proceeding and the opportunity for the alleged infringer to be heard. However, at the time the complaint is filed, the patent owner may also seek a
nike free run 3 or 5 second
or cease-and-desist order that will take effect during the investigation. In the ordinary case, the
regulations
require the ITC to make a decision on the temporary exclusion order within 90 days.

If an investigation is instituted, the ITC is required by statute to complete Section 337 investigations at the earliest practicable time. The case is assigned to an administrative law judge who sets a target date for completion of the investigation, from 12 to 18 months after the date of institution, depending on the complexity of the investigation and the judge’s caseload. The judge issues an initial determination, and either party may petition the decision for review by the Commission. The Commission then issues its final determination as to whether there has been a violation of Section 337, and an exclusion order may be issued. This final determination can be appealed to the U.S. Court of Appeals for the Federal Circuit.

Definition:

Economic depreciation implies that an
asset
loses its value over time. But accounting depreciation has more to do with cost allocation than with loss of value. When equipment is purchased, there is a time period in which it will be used. Accountants use depreciation to ensure that the costs of
revenue
are matched to the revenue those costs helped to bring in for each time period.

In effect, we are allocating the cost of the equipment to the periods in which we used the equipment, even though we may have already paid for the equipment long ago. Accountants do this by figuring out how long the asset is likely to be in use, taking the appropriate fraction of its total cost, and counting that amount as an
expense
on the
income statement
. Most
nike air max tn ultra iridescent clouds
are depreciated (land is an example of one that isn’t).

Depreciation is typically found in the operating expenses portion of an income statement. However, unlike many operating expenses, depreciation is a non-cash expense in that money does not change hands when this expense is incurred: the cash has probably already been paid when the equipment was purchased.

Let’s assume we start a delivery company and in the first full month of operation we do $10,000 worth of business. At the start of that month, our company bought a $36,000 truck to make the deliveries. Now assume we’re expecting the truck to last three years. We depreciate it at $1,000 a month (using the simple straight line depreciation approach). The first two months of a greatly simplified income statement would look like this:

Depreciation is an example of the matching principle. In general, depreciation is the “expensing” of a physical asset, such as a truck or a machine, over its estimated useful life. Accountants have to follow GAAP, of course, but GAAP allows plenty of flexibility. No matter what set of rules the accountants follow, estimating will be required whenever an asset lasts longer than a single accounting period. The job for the financially intelligent manager is to understand those estimates and to know how they affect the financials.

Quinn Hall, 55 Lower College Road, Kingston, RI 02881

401.874.4574

The URI Historic Textile and Costume Collection, located in Quinn Hall, contains almost 30,000 objects. The mission of the Collection is threefold:

Teaching
Research
Exhibition

Objects in the Collection include both costumes and textiles from all over the world. Besides a few pre-Columbian Peruvian textiles and early Egyptian cloths, the earliest holdings date to the late eighteenth century. Several collections of handwoven textiles and clothing from Rhode Island families date from this period. Early everyday wear is one of the strengths of the Collection.

Nineteenth-century clothing and accessories for American women, men, and children are well represented in the Collection. The Accessions Committee is judiciously adding twentieth-century objects, particularly designer garments. The ethnographic textiles and costumes come from many cultures that have a strong textile heritage. Recent additions to the Latin American and African collections have begun an effort to increase the holdings from those areas.

Researchers, quilters, private collectors, and others interested in historic costumes and textiles are encouraged to use the Collection. Appointments can be arranged by calling the Textiles, Fashion Merchandising and Design office at 401-874-4574.

The special collections department of URI’s Library houses the related
nike sb free black/gorge green/white angel
of more than 40,000 paper patterns from the mid 19th century to the present time, and 50,000 images, curated by Dr. Joy Spanabel Emery.

The Gallery was opened in 1999 after several years of fundraising and renovation of the space. It serves as a showcase for items from the Department’sHistoric Textile and Costume Collection.

Developing the exhibits (currently 2-3 per year) is an invaluable experience for the Department’s graduate students as they work towards careers in museums, historical societies, and conservation labs.

Celebrating 125 Years at the University of Rhode Island: Featuring Fashions Typical of Campus Wear from the Historic Textiles and Costume Collection